Keysight Technologies (NYSE:KEYS) Rating Increased to Outperform at Robert W. Baird

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Keysight Technologies (NYSE:KEYS) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Thursday, Marketbeat reports. The brokerage presently has a $100.00 price target on the scientific and technical instruments company’s stock, up from their prior price target of $82.00. Robert W. Baird’s price target points to a potential upside of 7.32% from the stock’s previous close.

Several other brokerages also recently issued reports on KEYS. Citigroup set a $100.00 price objective on Keysight Technologies and gave the stock a “buy” rating in a research report on Friday, August 16th. Goldman Sachs Group downgraded Keysight Technologies from a “buy” rating to a “neutral” rating and set a $86.00 price objective for the company. in a research report on Sunday, July 21st. Zacks Investment Research upgraded Keysight Technologies from a “hold” rating to a “strong-buy” rating and set a $78.00 price objective for the company in a research report on Tuesday, June 4th. Barclays began coverage on Keysight Technologies in a research report on Wednesday, August 7th. They set an “overweight” rating and a $103.00 price objective for the company. Finally, Deutsche Bank cut their price objective on Keysight Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Thursday, May 30th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Keysight Technologies has an average rating of “Buy” and an average price target of $99.11.

Shares of Keysight Technologies stock opened at $93.18 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.90 and a quick ratio of 1.46. Keysight Technologies has a 1 year low of $53.21 and a 1 year high of $101.58. The company has a market capitalization of $17.53 billion, a P/E ratio of 31.06, a P/E/G ratio of 2.25 and a beta of 1.31. The business has a 50 day moving average price of $88.97 and a 200 day moving average price of $85.48.

Keysight Technologies (NYSE:KEYS) last issued its quarterly earnings data on Wednesday, August 21st. The scientific and technical instruments company reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.95 by $0.22. Keysight Technologies had a return on equity of 27.06% and a net margin of 6.61%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm posted $0.89 EPS. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. As a group, research analysts expect that Keysight Technologies will post 3.88 EPS for the current fiscal year.

Keysight Technologies declared that its Board of Directors has authorized a stock buyback plan on Wednesday, May 29th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the scientific and technical instruments company to repurchase up to 3.5% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

In other Keysight Technologies news, SVP Mark Pierpoint sold 14,832 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $94.00, for a total value of $1,394,208.00. Following the completion of the transaction, the senior vice president now directly owns 48,747 shares in the company, valued at approximately $4,582,218. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Cullen sold 16,268 shares of the business’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $75.50, for a total value of $1,228,234.00. Following the completion of the transaction, the director now owns 25,361 shares of the company’s stock, valued at $1,914,755.50. The disclosure for this sale can be found here. Insiders sold a total of 44,718 shares of company stock valued at $3,645,835 over the last quarter. 0.65% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Keysight Technologies by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 21,037,786 shares of the scientific and technical instruments company’s stock valued at $1,889,403,000 after acquiring an additional 399,082 shares during the last quarter. BlackRock Inc. raised its holdings in Keysight Technologies by 9.7% in the 2nd quarter. BlackRock Inc. now owns 15,859,092 shares of the scientific and technical instruments company’s stock valued at $1,424,307,000 after acquiring an additional 1,398,576 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Keysight Technologies by 75.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,754,203 shares of the scientific and technical instruments company’s stock valued at $414,185,000 after acquiring an additional 2,048,611 shares during the last quarter. Invesco Ltd. raised its holdings in Keysight Technologies by 31.2% in the 2nd quarter. Invesco Ltd. now owns 3,232,699 shares of the scientific and technical instruments company’s stock valued at $290,329,000 after acquiring an additional 768,856 shares during the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in Keysight Technologies by 23,251.3% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,064,396 shares of the scientific and technical instruments company’s stock valued at $275,214,000 after acquiring an additional 3,051,273 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

Keysight Technologies Company Profile

Keysight Technologies, Inc provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific. Its Communications Solutions Group segment provides radio frequency and microwave test instruments, and electronic design automation software tools; oscilloscopes, logic and serial protocol analyzers, logic-signal sources, arbitrary waveform generators, and bit error rate testers; optical modulation analyzers, component analyzers, power meters, and optical laser source solutions, as well as optical amplifier, filter, and other passive component solutions; and related software solutions.

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Analyst Recommendations for Keysight Technologies (NYSE:KEYS)

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